(MENAFN Press) Deutsche Bank announced today that it has been named "Best Foreign Investment Bank in the Middle East" by EMEA Finance. Deutsche Bank arranged the region's only international IPO of the year and was the only international bank on the largest domestic IPO in the Gulf Industries. Furthermore the bank arranged the stand-out private sector DCM deal of the year and advised on the largest international acquisition by a Gulf entity to close in 2013. In addition, the bank was awarded "Best Foreign Bank in Lebanon" for 2013
"We are very pleased to receive these two awards from EMEA Finance which underline our strong and consistent commitment to the Middle East and its key Corporates and Institutions. The awards recognize both our achievements and the significant investments consistently made by Deutsche Bank over the past years to contribute towards the establishment of a strong capital markets ecosystem in this region. Furthermore, the Best Foreign Bank in Lebanon Award demonstrates the success of our strategy to overcome the current geopolitical challenges and provide best-in-class services and products to our clients in the country", said Ashok Aram, Chief Executive Officer Deutsche Bank MENA
Commenting on the awards, Christopher Moore, CEO and Publisher of EMEA Finance, said: "Deutsche Bank receives, not for the first time, our award for the best foreign investment bank in the Middle East. The bank led its competitors across the regional debt, equity, project-finance and M&A markets during 2013, picking up new clients across several countries, and registered the highest investment-banking revenues among its peers. We were particularly impressed with Deutsche Bank's deal flow and several watershed transactions.
These deals included most of the most high-profile transactions completed in 2013 like the Saudi Electricity's long-dated US2bn sukuk which was a groundbreaking transaction for the region. In addition, the bank worked on conventional bonds for banks in Lebanon, where we recognize it with our best investment foreign bank award. Lastly, Deutsche Bank was present in the equity market leading the London initial public offering of Abu Dhabi's Al Noor Hospitals Group to a successful listing, and the bank continues to be a major player in the project
Finance market demonstrated by its handling of the mammoth SAR7.5bn project finance package for Saudi Arabia's Sadara Chemical Company.
This is the sixth consecutive year that EMEA Finance has recognised Deutsche Bank's excellence in investment banking in their annual Middle East Banking Awards